Friday, June 8, 2012

U.S. firms brace for U.K.-style shareholder revolt

http://www.marketwatch.com/story/us-firms-brace-for-uk-style-shareholder-revolt-2012-06-08?link=mw_home_kiosk
The fact that there have been large pay outs when shareholders haven’t seen any returns makes people angry. People don't want to pay for bad performance and now share prices are down, but it doesn’t seem to have enough effect on executive pay,” said Peter Butler, chief executive at Governance for Owners, a U.K.-based investing firm that promotes shareholder engagement with corporations.

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